New Lending Products Expand Online Marketplace and Bring Fresh Capital Solutions to Small - WAFF-TV: News, Weather and Sports for Huntsville, AL

New Lending Products Expand Online Marketplace and Bring Fresh Capital Solutions to Small

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The Lending Circle, an online marketplace, has recently expanded their product lineup filling the void in small business lending since the credit crunch. The new product lineup and ease of lending will assist businesses to increase jobs.

Overland Park, Kansas, United States – June 27, 2014 /MarketersMedia/ –

The Lending Circle (www.commercialloanbusiness.com), an innovative online marketplace to enable small business owners to sidestep banks and obtain capital directly from alternative sources, has announced a new product line today. (June 27th August 2014). The Lending Circle is unique from other lending platforms in that it delivers loans to businesses through unique technology. It helps entrepreneurs with affordable solutions for creditworthy small US firms frustrated by the lingering effects of the credit crunch.

The working capital loans offered will be for three months up to two years and between $5,000 and $2,000,000. Each loan will be comprised of direct capital through credit facilities who compete to lend to the business that has applied, enabling it to borrow at a better rate. With no bank involved, both lenders and small business owners will achieve a quicker decision.

The Lending Circle’s Executive Vice President, Jim Albertson said:

“Our research shows that small businesses are being overcharged on unsecured loans by alternative lenders. Many are even paying as much as 112%. These interest rates, combined with additional high fees and burdensome application processes are discouraging businesses from borrowing money. Business owners put new credit on hold as a result. With our new expanded product lineup we expect businesses to be able to reduce their total cost of finance via Lending Circle by approximately 37 per cent, and borrow in a quick and easy way without alternative lender’s exorbitant interest rates.”

For small business owners, the benefits of borrowing money directly via the Lending Circle are many. First, they receive affordable terms, so they are able to use their cash for additional investments. Second, they have the opportunity to provide stimulus by additional hiring as small businesses are the backbone of the economy. Third, small businesses can easily access additional credit at any time, simply by updating their information.

Interested small businesses may go to the Lending Circle website and receive an amount and real-time offer. The active competition between lenders in the Lending Circle real-time process stands unique in a market dominated big the major banks in the small business lending market today. Businesses with sound cash-flow management are being charged high rates for borrowing money disproportionately; meanwhile, they are being turn downed at a rate of 93%. By providing a marketplace and increased efficiencies, the Lending Circle aims to provide superior solutions for small businesses.

Jim Albertson, said: “The Lending Circle will make it easier for business owners to get the capital they need to better serve their communities in which they live. We offer enormous potential to create jobs and stronger local economies.”

The launch of the Lending Circle is positively embraced by those supporting the small business community. Small businesses are critical to the health of the economy, providing employment to just just over 60 percent of the private sector workforce. But despite being called the backbone of the economy, small businesses have very few funding options available to them.

About the Lending Circle:
The Lending Circle is a leading online lending platform specializing in helping small businesses that have healthy cash flows. The Lending Circle currently serves over 975 industry types and offers a broad range of small business loans and other alternative financing products, such as equipment leasing and accounts receivable factoring.

Their working capital products are offered at affordable, business-friendly rates and require no personal guarantees, no collateral, and have no prepayment penalty. They have extended their short-term, renewable business loans of up to $2,000,000 to qualified applicants within a few business days and have recently added an expanded lineup of lending products.

For more information about us, please visit http://www.commercialloanbusiness.com

Contact Info:
Name: Jim Albertson
Email: info@commercialloanbusiness.com
Address: 7500 College Blvd, Suite 500, Overland Park, KS 66210
Phone: 855-243-7191
Organization: Lending Circle

Video URL: http://youtu.be/cu-ElKm0BmE

Source: http://marketersmedia.com/new-lending-products-expand-online-marketplace-and-bring-fresh-capital-solutions-to-small/52689

ReleaseID: 52689

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